TrueX: New Crypto Exchange Launched by Ex-Coinbase, Goldman Sachs Veterans
- TrueX is a non-custodial crypto exchange launched by former Coinbase and Goldman Sachs employees.
- Exclusively available to institutional investors in the US, it uses stablecoins like PYUSD for settlements.
- Paxos manages custodial services, ensuring robust security by separating execution and storage.
- Secured $9 million in seed funding from prominent investors including RRE Ventures and Solana Foundation.
TrueX’s approach of leveraging stablecoins for transactions offers a stable, reliable settlement medium, addressing traders’ demand for stability and efficiency.
TrueX’s launch signifies a pivotal shift in crypto trading, highlighting how innovative solutions can enhance security and reliability for institutional investors. As it evolves, TrueX is set to become a key player in the crypto industry.
